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In the summer of 1990, I was buying stocks and I was probably three or four months early there. But we had a great rally in 1991.

Peter Lynch

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Peter Lynch
Age: 80
Born: 1944
Born: January 19
Businessman
Financier
Investor
the United States of America
Buying
Summer
Early
Months
Probably
Four
Three
Rally
Great
Stocks

More quotes by Peter Lynch

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Gentlemen who prefer bonds don't know what they're missing.
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If you have the stomach for stocks, but neither the time nor the inclination to do the homework, invest in equity mutual funds.
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Invest in businesses any idiot could run, because someday one will.
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Avoid hot stocks in hot industries.
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If you spend more than 13 minutes analyzing economic and market forecasts, you've wasted 10 minutes
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I spend about fifteen minutes a year on economic analysis.
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When management owns stock, then rewarding the shareholders becomes a first priority, whereas when management simply collects a paycheck, then increasing salaries becomes a first priority.
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Charts are great for predicting the past.
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I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading 'Now is the time to buy.'
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The biggest winners are surprises to me, and takeovers are even more surprising. It takes years, not months, to produce big results.
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If you hope to have more money tomorrow than you have today, you've got to put a chunk of your assets into stocks. Sooner or later, a portfolio of stocks or stock mutual funds will turn out to be a lot more valuable than a portfolio of bonds or CDs or money-market funds.
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The list of qualities (an investor should have) include patience, self-reliance, common sense, a tolerance for pain, open-mindedness, detachment, persistence, humility, flexibility, a willingness to do independent research, an equal willingness to admit mistakes, and the ability to ignore general panic.
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All you need for a lifetime of successful investing is a few big winners, and the pluses from those will overwhelm the minuses from the stocks that don't work out.
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People who want to know how stocks fared on any given day ask, Where did the Dow close? I'm more interested in how many stocks went up versus how many went down. These so-called advance/decline numbers paint a more realistic picture.
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I've always said, the key organ here isn't the brain, it's the stomach. When things start to decline - there are bad headlines in the papers and on television - will you have the stomach for the market volatility and the broad-based pessimism that tends to come with it?
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You have to let the big ones make up for your mistakes.
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The stock market really isn't a gamble, as long as you pick good companies that you think will do well, and not just because of the stock price.
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If you're prepared to invest in a company, then you ought to be able to explain why in simple language that a fifth grader could understand, and quickly enough so the fifth grader won't get bored.
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There's lots of stocks out there and all you need is a few of 'em. That's been my philosophy.
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I like to buy a company any fool can manage because eventually one will.
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